HS 107 Lecture Notes - Lecture 1: Older Americans Act, Frozen Food, Medigap

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A broader interpretation than what you might think: Social scientists see it as more than money for the poor. Expands to all government financed programs whether benefits are for health, income or additional social needs. Prior to 1935, we didn"t have any national social welfare programs elders unable to work were forced to rely on family or charities. Due to the depression of the 30"s (many men out of work) the gov"t initiated income support for elders: 1) social security - retired workers aged 65. Expanded to include widows and spouses of retired workers. Lowered age to retire at 62 with reduced payment. Added disability insurance if worker became ill and unable to work. Social security was our country"s first program of social insurance. Benefits came from a trust fund paid out of contributions from workers and their employers. Amount based on prior income and length of work history.

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